May 12, 2014

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• Rehabilitation of Contiguous Properties Is Single Project
• Who is Eligible Tax Matters Partner?
• Consultant Received Guaranteed Payments as Partner
• Partnership Overvalued Conservation Easement, But Not By Much!
• Vehicle Expense Deduction Denied Due to Poor Records
• Unsubstantiated Deductions Denied; Accuracy Penalties Upheld
• Final Regs Address Estate, Trust Costs Subject to 2 Percent Floor
• Arrangement to Fund Benefits Through Subsidiary Is Insurance
• Tax Court Finds Couple's Home Improvement Wasn't a Business